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CRA Tax Adjustment Delays Now Stretch Up to 47 Weeks — Here's How to Avoid Getting Stuck

   July 12, 2026   If you've ever filed a request to correct or update your tax return and then waited... and waited... you're not imagining it. Canada's Taxpayers' Ombudsperson has confirmed that some Canada Revenue Agency (CRA) adjustment requests are now taking nearly a year to process — and it's launched a formal investigation into why. What's Actually Happening When you need to change something on a tax return you've already filed — say you forgot a slip, need to update a deduction, or want to claim a credit you missed — you submit what's called a T1 adjustment request. The CRA sorts these into two speeds: Routine requests (filed online through your CRA My Account or certified tax software) have a service standard of just 2 weeks . By phone or mail, the standard is 8 weeks. Complex requests — where the CRA needs more documentation or a deeper review — carry a service standard of 20 weeks . The problem: the CRA isn't hitting even its own "...
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Futures Hold Steady as Wall Street Awaits Key Fed Minutes

US stock futures were largely unchanged early Tuesday as investors prepared for one of the final major catalysts of the year: the release of the Federal Reserve’s December meeting minutes. Futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq hovered near the flatline, signaling a cautious tone after a modest tech-led pullback to start the week.

Monday’s session saw all three major indexes slip, with megacap names like Nvidia and Tesla leading declines amid a mild rotation out of tech stocks. The dip comes as traders reassess positions heading into the final days of 2025, a year marked by strong gains across equity markets.

The upcoming Fed minutes are expected to offer deeper insight into policymakers’ thinking after the central bank delivered its third consecutive interest rate cut in December while hinting at a potential pause ahead With only weekly jobless claims left on the economic calendar before year-end, Tuesday’s release could shape market sentiment as investors look toward 2026.

Despite the recent cooling, Wall Street remains on track to close out the year with substantial gains, supported by robust performance in AI-driven tech and resilient consumer demand.


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